According to the Citizen’s Advice Bureau there is an alarming amount of us seeking their guidance regarding Debt Management.

Their statistics show that each day England and Wales generate an extra 9,500 cases which find their way to them. The CAB also tells us there has been an upsurge of those seeking help with housing and benefit problems. Going on for eight thousand two hundred per day need guidance urgently.
These numbers certainly reflects the UK’s economy and how it is still early days as far as things recovering.

We are coming out of a recession but notwithstanding, some of us have to face the cold light of day. It is apparent some of us are still struggling and unable to cope with the ever swelling pressure on our finances and household budget.
Fuel bills are swelling, but wages are not increasing sufficiently and it’s that time of year again for the council tax, rent and/or mortgages to go up.

And don’t forget we have had quite a nippy winter, the coldest for quite some time. Those winter bills need to be paid and something tells us they will not be cheap!

The fear is, whilst there are better days ahead, we don’t fall into the temptation to borrow even more to tide us over. Credit Card Debt, remortgaging the family home or getting an extra loan from the bank are all ways that will postpone those better days to come.

We may think this is the safest way as far as having a Debt Management plan is concerned and in a few cases it may be an option. But before we plunge into extra debt we might want to think through the alternatives.

Credit cards are not all bad. Watch for credit card transfers that have a 0% interest rate for a set time. Try to budget accordingly so you pay it off before interest is charged. This will negate the need to pour our important funds into paying off interest and let us to put that money to better use.
It can take lots of focus, research and budgeting but it is worth the struggle. If we calculate the gains it soon becomes obvious how we can improve our debt situation.
Take a credit card that has 19.95% APR and say we have a

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